15 Stone Street Newark City, 07104
Discover a prime investment opportunity in Newark with this meticulously maintained 16-unit apartment building. Featuring a compelling 5% Cap rate and full occupancy, this four-story multi-family brick building offers a diverse mix of units: 12-two bedroom, 3-three bedroom, and 1-one bedroom apartments. Each unit includes an eat-in kitchen, spacious living room, and bathroom, ensuring comfortable living spaces for tenants.Located in a sought-after neighborhood known for its convenience and accessibility, this property is poised to deliver steady rental income and potential for future appreciation. Recent maintenance and upgrades enhance the building's long-term profitability.With ample room for appreciation, don't miss out on investing in this thriving Newark community. Schedule a tour today to seize this lucrative opportunity and secure your place in Newark's dynamic real estate market.
- Property TypeCondo
- NeighborhoodN/A
- CountyEssex
- Taxes$23,560
- HOA/Condo/Coop Fees$0
- Days on Site36 Days
- MLS StatusActive
- MLS ID Number3908027
- Home Size Source N/A
- Year Built1989
- Lot Size0.12 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Concrete
- Parking None
- Sewer Public Sewer
- Number of Stories 4
- Acreage 0.12
- Water Public
- Property Sub Type Apartment
- Zoning -
Interior Features
- Cooling Central Air
- Heating Heat Source: ElectricGas- NaturalHeating Type: Forced Hot Air
- Flooring Tile
Exterior Features
- Roof Flat